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Which of the Following Was True of American Farmers in the Late

Question 71

Multiple Choice

Which of the following was true of American farmers in the late nineteenth century?


A) They enjoyed a great deal of economic power because they were primarily creditors
B) They believed that overproduction was the cause of their economic decline
C) They were not affected by the amount of money in circulation because they had very few fixed costs
D) They concluded that an inadequate amount of money in circulation made their debts more burdensome by keeping interest rates at a high level

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